Indus Holdings - "From Going Concern to Green Shoots"

In a May 11 report, Beacon Securities shared its analysis that shares of vertically-integrated cannabis company and Merida portfolio company Indus Holdings offer an excellent risk-return proposition as the company's "'green shoots' potentially turn into the giant California sequoia." The Canadian investment dealer maintained a Buy recommendation with a C$2.50 target price based on Indus' recent cash infusion, a minimal cap-ex to complete the greenhouse to reach its capacity of 45,000 pounds, the value proposition that its Cypress brand offers both retailers and consumers, and Indus' current market cap. It is interesting to read a report that leads off with praise for the savviness of recent investors (Merida and Geronimo) in seeing the opportunity amidst the chaos in California..

Click here to read the full Beacon Securities report.